BELGRADE (Serbia), June 26 (SeeNews) – Serbia sold on Monday 14.4 million euro ($16.1 million euro) of 53-week Treasury bills in a reopening of the issue, well below its target of 26.9 million euro, the finance ministry said.
The yield settled at 0.55%, down from 0.78% achieved at the previous auction of the 50 million-euro issue, held on January 12, 2017, the ministry said in a statement.
Demand for the T-bills, which mature on January 22, 2018, totalled 15.5 million euro.
The sold government securities were equal to 53.72% of target.
Details follow (in millions of euro):
|
June 26 |
January 12 |
Amount offered (mln euro) |
26.867 |
50 |
Amount sold (mln euro) |
14.433 |
22.949 |
Total bids placed (mln euro) |
15.459 |
39.433 |
Bid-to-cover ratio |
1.07 |
1.7 |
Yield |
0.55% |
0.78% |
($ = 0.89484 euro)